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Fly News Breaks for September 9, 2016
CHMT
Sep 9, 2016 | 07:46 EDT
As reported previously, Baird analyst Ben Kallo downgraded Chemtura to Neutral from Outperform. The analyst believes the market is pricing in future execution at current levels and the anticipation for a potential merger or sale of the business are high. Kallo also cited sustained risk around clear brine fluid demand, which could impact the bromine business. Kallo maintained his $33 price target on Chemtura shares.
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